The Best Sports Betting Sites in Canada – Top Sportsbooks for 2020

Sports betting is one of the main branches of the gambling industry, and its presence in the second biggest country in the world is no exception. Check out which are the best sports betting Canada sites!
Greetings to the United States! Check Out the Best Sports Betting Sites for October
Last Updated on 19 Oct 2020 by Chief Editor Harrison Newton
Sports Betting Site Bonus Top Market Popular Sports Rating Secure Link
100$ Premier League
  • Football
  • Basketball
4.90 ★ out of 5
sports.betway.com
300$ + 22 bet points Premier League
  • Football
  • American Football
4.80 ★ out of 5
22bet.com
Best Odds Lowest Margins Premier League
  • American Football
  • Tennis
4.70 ★ out of 5
pinnacle.com/en/

In the following review, we will talk about online sports betting in Canada and what you should be on the lookout for when picking a new sportsbook. We have chosen three of the best platforms, where you can place your bets, and we have provided useful information about their bonuses, special features and available sports. BetWay, 22bet and Pinnacle sportsbooks are our three picks for you, where you can satisfy your needs and place bets anytime, from anywhere, pretty much on any popular sport.

A Good Operator Is a Licensed One – Why We Feature Only Legal Sites

Your safety and security are of great importance to us. That is why all of our recommended Canadian sports betting sites have been double-checked and verified. They all have a license for gambling purposes and are regulated by various gambling commissions, just like the most trusted online casinos. Canadian players can rest assured of a safe and secure environment for sports betting. A standard requirement of the gambling commissions is the separation of company funds and players funds.

Privacy and safety of sensitive information (personal details, bank details, etc.) are vital and all of our recommended online sportsbooks use state of the art firewalls and encryption. You can check out our review about the best casino operators in Canada and reassure yourself about the legality of the platforms.

  • MGA
  • Curacao eGaming
  • UKGC

In case you want to check out for yourself the specifics of a particular gambling license, every online gambling operator must have the specific license number somewhere on their website (usually this information is located at the bottom of any page of the website, but sometimes it may be found in the security and privacy sections). Affiliate programs and partnerships are another good sign for an online sportsbook, as they reassure you that the specific gambling operator possesses the needed authorizations.

Live Betting – An Important Part of Sports Bets

Many players that have been placing sports bets for more than 5-6 years would tell you that betting live is probably the best way for you to hit wins regularly. That is, of course, if you have some knowledge about the sport you are betting on. Placing live bets, not only raises the thrill and excitement when watching a sports event, but also gives you a chance to make considered and valuable bets, based on how the game is going and what you have seen.

Having a good internet connection and a big variety of available live bets with descent odds is crucial for a punter. Each one of our selection of the best betting sites in Canada offers you live markets so you can make wagers on pretty much every sports event that you are watching. Plus, there are pretty amazing live dealer online casinos in Canada as well and we are sure that you will enjoy them too!

Betting Site Bonus Offer Min. Deposit Wagering Requirements Rating Secure Link
100% up to $300 $1 5x 4.8/5 Visit Site!

Regardless of where the sports event is taking place, a good online sportsbook should always update the odds in real-time and not have any delays or long period cancellations of the live betting markets. For the players who prefer live betting, every second could be of great importance as any game can turn around in the blink of an eye. Educated sports fans don’t need a lot of time to see how the game is going and can conclude what will be the outcome very fast, just a few moments after starting to watch. In case your internet connection is good, you will be able to place various bets on live markets, without any problems on all of our three recommended sportsbooks.

Do the Sportsbooks Have the Cash-Out Option?

Just a couple of years ago, placing a bet on a sports event, meant that you will have to wait until the end of the game to receive any profit from a protentional winning wager. Then the cash-out option was introduced, which gave you the opportunity to close your bet at any time, regardless of the outcome, and not wait until the end of the event. The ability to settle your bets early allows you to decrease your losses in case the game is not going the way you thought it would, or cash-out a profit (smaller than the initial payout) in case the game is going as suspected, but you think the end will turn things around.

Among our recommendations for sports betting sites in Canada, BetWay and 22bet offer this very helpful feature. Full cash-out, partial cash-out or auto-cash out are all available, putting you in complete control of your bets. Be careful though, because this can be a two-way street. In case you cash out your bet early, and it turns up to be a winning one, you will be biting yourself for not waiting until the end.

The Best Sports Betting Welcome Bonus for Canadian Gamblers

When you are on the search for a new sports betting site, you should always look for a website with a decent welcome offer. Similar to the top online casinos that use a welcome casino bonus to allure new customers, most of the best sports betting sites also count on the same strategy to attract new clients. A nice first deposit bonus can give a useful boost to your bankroll and provide you with some sort of calmness and serenity about your first bets. Read the terms and conditions of the offer closely and pay attention to the wagering requirements.

Currently, two of our three recommended sites have a welcome bonus for you to take advantage off. BetWay and 22bet both offer a 100% match bonus. By doubling up your starting capital, these welcome packages will make your gaming experience easier and you’ll be able to wager larger amounts to kick-start your venture. We will give you a bit of information about both bonuses, so you can decide for yourself which one suits you better. Below, is the welcome offer provided by the 22bet, one of the most exciting and innovative sports betting sites on the web.

$300 +22 Bet Points
Wagering:
5x
Min. Deposit:
$1
Validity:
7 days

The wagering requirements of this first deposit offer are just 5 times, which is slightly below the average. In case you want to take full advantage of the welcome bonus and deposit $300, you will receive $300 and you will have to bet a total of $1500 in order for the bonus and any winnings become withdrawable. here is a catch though. Your bets contribute to the wagering requirements only if they are accumulator bets. Each accumulator bet must contain at least three selections.

All three selections must have odds of 1.40 or higher. In case your bet slip contains four or more selections, then at least three of them must have odds of 1.40 or higher in order for the bet to be contributing to the wagering requirements. The 22 bet points can be used to place sports bets and are converted to cash once the bonus is redeemed. As the minimum qualifying deposit is just $1 and the maximum is $300, we think the bonus is affordable and appeals to a very large spectrum of players.

The welcome offer at BetWay is smaller than the one at 22bet, but it is still worth mentioning. It is 100% match up bonus up to 100$. The wagering requirements this time are 10 times. If you want to fully exploit this bonus, deposit $100, get $100 bonus and you will have to bet $1000 before the bonus amount plus any winnings become withdrawable. Here, there are no restrictions on the number of games in a bet slip but different odds have different contribution rates. All single-line sports bets at odds of 1.75 or higher and all system bets which have each selection at odds 1.40 or higher contribute 100% to the wagering requirements.

All single-line bets at odds between 1.30 and 1.74 contribute 20%, and any other bets with odds 1.29 or lower have no contribution to the wagering requirements. Another pleasant feature at BetWay is that If you place bets regularly, you might be awarded bonus free bets. Their value may differ, but they are not connected with any wagering requirements. Winnings from free bets will be paid straight to your cash balance, just minus the initial free bet amount. For example, a $10 free bet placed at 10.00 (9/1) would return $90 to your cash balance. The maximum win from a free bet is capped at $20,000.

Play on the Go in Canada? No Problem

Since the boom of the technologies and the mobile devices, in particular, the average gambler finds it easier and a lot more comfortable to use one of the many casino apps to gamble, instead of a computer. And probably sports betting is the most common type of gambling on a mobile device. All of our selected Canadian betting sites support mobile play and provide user-friendly mobile platforms.

Most likely, Canadian residents won’t be able to download the particular applications because of law restrictions, but the sportsbooks are reachable through the internet browser of your mobile device. Both Apple and Android users can get to the online sports betting sites and place their bets via their preferred browser, by just putting in the link of the chosen sportsbook and logging in.

$100 Welcome Bonus
  • Markets: 35
  • Live Betting
  • iOS Application

Sports Betting Markets Available to Canadian Punters

In all the three recommended sites from us, there is an abundance of available sports that you can bet on. A sports fan is a very wide concept and a successful sports betting site should have a huge diversity of sports. By becoming a member of our recommended sportsbooks you will be granted access to bets on soccer, ice hockey, basketball, American football, rugby, baseball, boxing, tennis, snooker, cycling, darts, table tennis, biathlon, water polo, lacrosse, curling, motorsport, horse-racing and more.

There isn’t a major sports event throughout the whole year that is not being covered. Having a great sports diversity allows the punters to find the most valuable bets. Even the most demanding and pretentious customers will be able to discover numerous betting opportunities. Bets on games on the most popular sport in Canada, ice-hockey, are available on all three platforms.

All major sporting events are covered, such as Champions League, National Basketball Association (NBA), National Hockey League (NHL), Association of Tennis Professionals (ATP), National Football League (NFL), Premier League, Professional Golf Association (PGA), World Cup Finals and many, many more. In case you are a fan of fantasy sports betting and you like making your own teams, then check out our article about the best daily fantasy sites in Canada.

Sports Popular in Canada

Canada is known to be a sport-loving nation. Coping with the cold environment is not an easy task for everyone, so that is why Canadians do a lot of physical activities. The country has shown its dominance in winter sports, as well as in Olympic games. Without a doubt, the most important sport in Canada is ice-hockey. Plenty of different bets are available for the official national sport in the country. The National Hockey League (NHL) is famous not only in Canada and the United States but in the whole world. The love for this sport is tremendous and very often Canadian punters support their favourite teams not only by watching, but also betting on them. Ranked behind this rough and thrilling sport, in terms of popularity, are the sports basketball, soccer, tennis and American football.

Is There a Big Variety of Bet Types?

Online betting in Canada offers you quite a diverse set of options. Picking the sports event that most interest you probably is not as hard as picking the right bet for that particular event. A great diversity of bets is definitely an advantage, but it can be confusing and tricky sometimes. Place bets that you know what they mean and don’t throw yourself with wagers that you don’t understand, just because of their big odds. Nowadays, betting on just who the winner of a particular sports event will be, is no longer the most valuable or recommended bet.

There are hundreds of different bets for the different sports, focused on particular periods of the game, the players, the refereeing, the total amount of game time, the teams’ performance and more. All of our recommended sportsbooks also allow you to make sophisticated betting combinations (aka betting systems), in which the total odds are raised drastically and you have to catch all of your game predictions in the bet slip, in order to maximize your profit. The potential count of combinations is unlimited, as you can bet and combine games not only for one day or one sport but anytime, any sport, as long as the bet is available.

Usually, bookies don’t release odds for more than the next 3-4 games of a particular team, as there are plenty of factors that can change, therefore altering the probability of the outcome. If you want to be successful with your sports bets and make a profit, you have to carefully study the situation on the field and in the dressing rooms, check out players profiles, be up to date with the latest sports picks, study whether conditions, understand team performance history, read the latest sports news, and so on, before deciding what to bet on.

The Canadian Bookie with the Best Odds

From our three picks for best online sports betting websites for Canadians, you can see that Pinnacle doesn’t offer a welcome bonus, nor has the cash-out option. These disadvantages are compensated by the incredible odds they offer. Definitely, the game odds at Pinnacle are by far higher than most of the other sportsbooks in the world. Bookmakers make a profit by accepting bets on a given market and adjusting odds to attract bets in the right proportion in order to secure a profit regardless of the game’s outcome. This is achieved by offering odds which are higher than the actual statistical probability.

This deviation represents the bookmaker’s margin. The best online bookmakers use minimal profit margins, meaning that they price up the different bets with more sufficient odds. At Pinnacle the margins are smaller for nearly every single event, while sometimes they are truly ridiculously low. From a punter’s perspective, the lower the margin, the better. In the following table, we have compared the odds given for the UEFA Super Cup Final by our recommended websites and we have calculated the margins.

Betting Site Profit Margin
4.76%
5.57%
6.03%

In case you are wondering what margin means – a margin is the amount charged by the sportsbook to take your bet. When the oddsmakers set the odds for a market, they first estimate the probability of each possible outcome. After that, the bookmaker adjusts these odds downward to create a profit margin for the market. The difference between the published odds and the fair odds is the bookmaker margin. The higher the margin is, the larger the amount charged by the bookmaker to take your bet is.

The Highest Odds for Ice Hockey

So, are you looking for the highest odds for a win of your favourite ice hockey team? Are you a fan of the Montreal Canadiens or you prefer Toronto Maple Leafs? Chicago Blackhawks or Pittsburg Penguins? Regardless of who you support, there’s no doubt you want the most accurate and tasty odds. Not only Pinnacle has the lowest profit margins, but most of the times the site offers the best odds too. Actually, the difference between the odds offered at Pinnacle and our two other recommendations is very slim, so in case you don’t really click with the layout and software of the sportsbook Pinnacle, you can still catch some worthy ice hockey odds at 22bet or BetWay. We have chosen to suggest these sites for many reasons, and valuable and fair odds is one of them.

The Highest Odds for Other Sports

In case you are not such a huge fan of ice hockey and prefer different sports such as football or basketball, again all of our selected best betting sites in Canada will provide you with decent game odds. Depending on what kind of bet you wish to make, there are differences in the value of the wagers. If you like placing single standard bets, supporting the oddsmakers’ favourites, such as full-time results, overs and under or both teams to score, BetWay have slightly better odds. If you usually cheer for the underdogs and like to go for the surprise outcome, then play at Pinnacle and 22bet, as they both give higher than standard odds for the less likely to happen results.

The Top Payment Methods for Sports Betting for Canadians

Banking and accepted payment methods is another very important factor that we had in mind when choosing the best online sports sites for Canadian players. In our opinion, having a wide range of payment options is very important. All of our recommended sport betting websites accept the most popular banking methods – Visa, MasterCard, Maestro, Paysafecard and bank transfers. In recent years, e-wallets have gained huge popularity because of the safety they provide and the fast processing speed of your transactions.

PayPal, Neteller and Skrill (used to be called Moneybookers) are the three most famous e-wallets and are also allowed. PayPal is actually one of the most popular banking methods in the world, so we felt it’s necessary to create an article particularly for PayPal online casinos. 22bet has the largest list of accepted banking methods with more than one hundred options.

  • Visa
  • Mastercard
  • Maestro
  • Paysafecard
  • Bank Transfer
  • Paypal
  • Neteller
  • Skrill

Turning our attention to the minimums and maximums allowed for both depositing and withdrawing, we can see that the range is quite big. At Pinnacle the minimum deposit is $10 while the maximum is $50,000 per month. At 22bet the minimum deposit is $1 and the maximum is $40,000. At betway the minimum deposit is $10 and the maximum is $100,000. Don’t forget that these amounts may vary, depending on the payment method you are using.

Just like when depositing at any real money online casino Canada, the deposit transactions at the top sports betting sites happen instantly. On the other hand, the withdrawing process takes some time. It is known that transactions via e-wallets have the shortest processing times and can take from 2 to 5 working days. Cashing out using another method usually takes 4-7 business days. At Pinnacle the minimum amount to cash out is $10 and the maximum is $50,000 per transaction.

22bet give you the option to cash out minimum $1.50, while at BetWay the minimum is $10. Both operators haven’t mentioned a maximum amount to cash out, but it is doubtful to be more than $50,000, without contacting a member of the customer support team. Again, these numbers may vary, depending on the selected payment method. And since we couldn’t help but notice the high limits that casinos offer, we made a page dedicated to players that like to bet and win big – high stakes casinos in Canada.

In Summary: The Top Online Betting Site for Canadians in 2020

Well, as final words, based on what’s been said so far, we can conclude that Canadian residents can enjoy great online sports betting and can use the services of some of the best online bookmakers in the world. All of our recommendations have their advantages, but if we have to suggest only one, that would be 22bet, mainly because of the big first deposit bonus. Needless to say, you are allowed to make registrations in all three platforms, and in fact, we strongly recommend comparing those to the best online gambling sites in Canada as well!

Slowly but surely, online sports betting in Canada – and online gambling as a whole, are becoming more popular, so soon enough there will be a lot more accessible sportsbooks as well. New online casinos are constantly emerging, and more of them are incorporating a sports betting section. Still, just in order to explore all possible gambling opportunities, you might be interested in the page dedicated to blackjack sites in Canada.

Frequently Asked Questions About Sports Betting in Canada

While doing our research on sports betting in Canada, we came across a large number of questions that punters have asked. Thus, we gathered the ones that came up most often and set out to provide short and specific answers. Here is the end result:

⚖️ Why is betting illegal in Canada?

Since the late 1800s, Canada has had a strong stand against all forms of gambling. In 1882 all gambling activities were banned and became criminal offences. Since then, however, there has been a strong push for changes in the criminal code and in the 1990s the provinces of Canada were allowed to regulate racing, slots, online Canadian casinos and lotteries individually.

❓ Is sports betting legal in Canada?

At this very moment the legal situation in Canada is somewhat complicated. You can often hear people saying that the country's online gambling laws are in the legal grey area, which means that the act of engaging in such activities is neither legal nor illegal. Nevertheless, we have found a few sites where you can bet, without any fear of repercussions.

👑 What is the best site to bet on sports?

That is a particularly tough question to answer as all of our recommended sports betting sites in Canada are extremely good. Thus, the best thing to do is to take a good look at them and choose the one that will suit you best, as in the end, it will all come down to personal preferences.

💵 How to win at sports betting?

To be completely honest with you, there is no exact formula of how you can win at sports betting. However, we advise you to use different sports betting bet types that you feel accustomed to without risking more money than you could afford. If we were to give you advice, it would be to play more, watch more, and bet more!

👩 Is live betting available in Canada?

Live betting is the nicest form on online sports betting as it allows punters to place, change or completely discard wagers during an actual game. If you have never tried it before, we highly advise you to give it a shot. To find out more, take a look at the part of this review dedicated to the finest live betting sites in Canada.

🎁 Which online sports betting site offers the best promotions in Canada?

All gamblers love good promotions, so we made sure to find the online sportsbooks in Canada that feature the most generous welcome bonuses. The best of the best, however, is 22bet, which will get you up to $300 and 22 bet points on your first deposit. Moreover, the required wagering is only 5x and the minimum deposit it $1!

📱 Can you bet on the go in Canada?

Of course, you can! We are huge supporters of mobile gambling, which is why we have only included venues that offer the option to play on the go. If you'd like to give it a try simply take a look at our list of the best mobile compatible sportsbooks in Canada and choose the venue that best suits your personal preferences.

✅ Which sportsbook offers the best odds?

If you are after the best odds in the country, then the sports betting sites that we've offered will all satisfy your requirements. They are all well within the sub-10% profit margin category, which means they will be taking a much smaller percentage of your winnings, compared to the competition. Thus, if you register, you will increase your winning potential!